TREE NEWS update: Mercado Bitcoin will reopen in view-only mode on Nov. 9 following a hack, the exchange said. The exchange will use company funds to replace affected assets, while withdrawals and trading remain suspended pending security clearance.
Mercado Bitcoin to Reopen View-Only on Nov. 9 After Hack
The decision to cover affected assets from company funds shifts the loss onto the exchange's balance sheet rather than users, a meaningful signal for how it intends to preserve trust through the incident. The staged return — view-only first, with withdrawals and trading still gated behind security clearance — suggests remediation is incomplete even as access resumes. The open question is whether that clearance arrives quickly enough to prevent a broader confidence drain, and how the exchange communicates the timeline for restoring full functionality.
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